Drop in LNG trade expected to hit shipping rates, Poten says

Charter rates of LNG carriers are facing downwards pressure this year due to a fall in cargo trade during the Covid-19 pandemic and an expected raft of newbuilding deliveries, according to Poten & Partners.

Jefferson Clarke, head of LNG analytics for Poten’s chartering desks, said in a webinar that the company is expecting rates to drop slightly before bottoming out in May.